Injective Launches SICI Index to Expand On-Chain AI Compute Markets

The Injective protocol has introduced Super Intelligence Compute Index ($SICI), where the cost of AI infrastructure will now receive the visibility in the blockchain-powered finance markets of Injective. The index comprises the rental prices of five NVIDIA GPU chips and gives traders access to their movements via perpetual trading contracts up to 10 times leverage. The release adds to the AI-specific financial instruments of Injective amid increasing demand for computing power. In the meantime, cryptocurrency expert Giannis Andreou has proposed a road map towards recovery of the INJ price to the $75 level. As mentioned by Injective, SICI uses five rental rates for NVIDIA GPUs based on the compute market data available hourly. This index consolidates several hardware types to develop one benchmark of AI workloads.

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